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Oil Capital
EPIC: TLOU
Market: AIM:TLOU
ASX:TOU
52-week High/Low: 13.50p / 3.60p
Sector: Energy
Market Cap: 19.95M
Phone: +61 7 3012 9793
Address: 210 Alice Street, Brisbane QLD 4000, Australia.
Website: tlouenergy.com

Tlou Energy is an AIM and ASX listed company focused on delivering power in Botswana and the broader southern African region through the development of coal bed methane (‘CBM’) projects.

Botswana has a severe energy shortage and is currently relying on expensive imported power and diesel generation to deliver its requirements. However, as the 100% owners of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling immediate and longer term opportunity using domestic gas to produce power and displace the expensive diesel and import market.

Tlou Energy

tlouenergy.com

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Big picture - Why invest in Tlou Energy

Tlou Energy Snapshot

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Tlou’s principal assets are in Botswana, where it has the one of the most advanced CBM projects in southern Africa. Tlou’s 100% owned Lesedi CBM project has an independently certified contingent resource of up to 3.3 trillion cubic feet (TCF) (3C) with a further prospective resource totalling 8.6 TCF (High Estimate). Tlou is aiming to have certified gas reserves in the near future.

Botswana and other southern African countries are currently experiencing electricity supply deficits. Tlou believes the electricity market represents an attractive commercialisation path for the company’s CBM.

Tlou’s board includes former principals of Sunshine Gas and Mitchell Energy, who were pioneers in the highly successful eastern Australian CBM industry. Tlou is positioned to capitalise on a first mover advantage in the southern African onshore gas industry.

Tlou Energy is assessing new opportunities across the southern Africa region but remains focussed on Botswana for the foreseeable future.

Lesedi CBM Project

The Lesedi CBM Project is the most advanced project in Tlou’s portfolio. The project’s  Prospecting Licenses extend for approximately 8,500km2 (2.1 million acres) in the Karoo Kalahari Basin, southeastern Botswana. Operations have been ongoing since 2007. Numerous exploration and appraisal work programmes have resulted in an independently certified 3.3 TCF of 3C, 239 BCF of 2C and 5 BCF of 1C contingent gas resources.

Horizontal Pilot Well Schematic

New Ventures

Tlou recognises that new venture opportunities can provide additional company growth, and in turn shareholder wealth. Tlou is constantly assessing new venture opportunity areas, and is committed to expanding into CBM prospective areas throughout the southern African region.

Resource

Numerous exploration and appraisal work programmes have resulted in an independently certified 3.3 TCF of 3C, and 239 BCF of 2C contingent gas resources.

Martin McIver - Chairman

Martin has over 14 years experience as General Manager for mining services companies including bulk and dangerous goods logistics, and drilling services.  Martin was the Executive General Manager of the Mitchell Group, a vertically integrated coal and coal seam gas company with investments and operations across Australia, Asia and Africa. Prior to joining the Mitchell Group, Martin was a Director in Mergers and Acquisitions with PricewaterhouseCoopers.

Martin was appointed Non-Executive Director in September 2010 and is currently the Chief Financial Officer of the Workpac group.

Martin holds an MBA (International) from the American Graduate School of International Management, a Graduate Diploma in Applied Finance and Valuations (FINSIA/Kaplan) and a Bachelor of Business (Marketing) from the Queensland University of Technology.

 

Anthony  Gilby - Managing Director and Chief Executive Officer

Anthony (Tony) Gilby was awarded a Bachelor of Science (First Class Honours) degree in Geology from the University of Adelaide in 1984, and also won the University Medal in Geology. He began his career as a geologist for Delhi Petroleum in the Cooper Basin.

He subsequently held a series of positions and with ESSO (after the Delhi acquisition). His roles included exploration geology, geophysics, petrophysics and working in the Exxon Production Research Centre in Houston.

On his return to Australia, he continued to work with ESSO prior to relocating to Brisbane where he worked for MIM Petroleum and the Louisiana Land and Exploration Company (LL&E). In 1996, he left LL&E to take on a variety of consulting roles as well as the acquisition of prospective Queensland acreage in a private capacity. This work culminated with the founding of Sunshine Gas where he remained Managing Director until its sale for $1.1billion in late 2008.

He is a founding director of Tlou Energy and took over the role of MD & CEO in early 2012.

 

Gabaake Gabaake - Executive Director

Graduated with a B.Sc. in Geology from the University of Botswana in 1986 and with a masters degree in groundwater hydrology from the University College of London in 1989.

A highly accomplished former Botswana Government Senior Public Servant with a track record for outstanding results delivery and good leadership qualities. For the last two and half years of his public service career headed the key Ministry of Minerals, Energy and Water Resources and led it to become the No.1 ministry in terms of performance in the Botswana Public Service. A professional geologist with a high level of knowledge in policy formulation, analysis and implementation in the minerals, energy and water sectors. Oversaw the successful development and implementation of a strategy to overcome Botswana’s worst power crisis between 2008 and 2010 and implementation of a comprehensive review of the water sector institutional framework in Botswana.

Has served in various private company boards such as De Beers, Debswana and DTC in various capacities. Authored two chapters in the Botswana National Atlas and has presented many technical papers at various international conferences. Is a highly skilled public speaker and writer.

 

Colm Cloonan - Finance Director

Colm Cloonan is the Chief Financial Officer of Tlou Energy Limited. Colm is a Fellow of the Association of Chartered Certified Accountants (FCCA) with over 16 years’ experience in various finance roles.

Colm began his career in Ireland working with clients in different industries with a specific focus on the construction industry. He moved to Australia in 2005 and commenced working with an audit and business services firm in Brisbane then later as an independent consultant providing financial and management accounting services. Colm has significant experience working with clients in retail, travel, motor and power generation industries.

Colm joined Tlou in 2009 at the very early stages of the company’s activities and has been with the company through all phases of its operations and development to date. This includes being a key member of the team involved in the company’s successful 2013 ASX listing.

Colm studied accountancy at the Galway-Mayo Institute of Technology in Ireland.

 

Solomon Rowland - Company Secretary and Legal Counsel

Solomon Rowland is a Lawyer with over 10 years' experience in the legal profession. Solomon holds a Juris Doctor from the University of Queensland.

Prior to joining Tlou as Legal Counsel in February 2013, Solomon worked for Crown Law representing various Queensland Government Departments in a range of legal matters. During his time in government, Solomon was involved in advising government departments on commerical, corporate governance and policy matters as well as represnting the State in various Courts, Tribunals and Commissions of Inquiry.

Solomon brings many years of experience in Commercial, Advocacy, Administrative and Plannin and Environment Law.

 

Hugh Swire - Non-Executive Director

Hugh Swire is a partner in Mahon China, an established investment management and advisory partnership based in Beijing.  Active in China since 1985, Mahon China have over three decades of experience advising foreign companies with investments and corporate activities in China.

Hugh has expert knowledge and direct investment experience in the low carbon water, energy and technology sectors having completed and exited investments into several leading companies in the low carbon sector.  Hugh travels to China regularly and using his Chinese language skills after graduating from Oxford University with a BA (Hons) in Chinese.

Shareholder No. of Shares Owned % of Shares on Issue
Citicorp Nominees Pty Limited 11,788,237 4.97%
Mitchell Group Holdings Pty Ltd 11,136,364 4.69%
J P Morgan Nominees Australia Pty Ltd 10,979,247 4.63%
Gilby Super Pty Ltd 10,704,240 4.51%
Hargreaves Lansdown (Nominees) Limited <15942> 7,731,172 3.26%
HSBC Custody Nominees (Australia) Limited 7,712,538 3.25%
IK Botswana Investments Pty Ltd 7,115,000 3.00%

Issued Share Capital 237,198,239

The number of shares which are not in public hands (representing the Director’s holdings) is 18,442,957 shares (equivalent to 7.77% of the Company’s issued share capital.

This information was last updated on 9 March 2017.

 

210 Alice Street
Brisbane QLD 4000
AUSTRALIA

Phone:  +61 7 3012 9793
Fax:       +61 7 3003 0675
Email:    [email protected]

Nominated Adviser


Grant Thornton UK LLP
30 Finsbury Square
London EC2P 2YU
Tel:+44 (0) 207 383 5100

UK Joint Brokers


Optiva Securities Limited
2 Mill Street
London W1S 2AT
Tel:+44 (0) 203 137 1902

Shore Capital Stockbrokers Limited
Bond Street House
London W1S 4JU
Tel:+44 (0) 207 408 4090

Share Registrar


In Australia:

Link Market Services
Level 15, 324 Queen Street, Brisbane
Queensland 4000, Australia

In the UK:

Computershare Investor Services PLC
The Pavilions, Bridgwater Road
Bristol BS13 8AE, United Kingdom

 

Financial Public Relations


St Brides Partners Ltd
3 St Michael’s Alley
London EC3V 9DS
Tel:+44 (0) 207 236 1177

 

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